Author Archives: FNBA

Absecon Bancorp Announces Annual Cash Dividend of $2.10 Per Share

Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors authorized a 2021 share repurchase plan. Under the terms of the 2021 share repurchase plan, the Company is authorized to buy back up to 10,000 shares, representing approximately 8.9% of its 112,281 issued and outstanding shares of common stock.